The McMillan Corporation incorporated on September 2, 2011. The company engaged in the following transactions during its first month of operations:

Sept. 2 Issued capital stock in exchange for $900,000 cash.

Sept. 4 Purchased land and a building for $350,000. The value of the land was $50,000, and the value of the building was $300,000. The company paid $200,000 cash and issued a note payable for the balance.

Sept. 12 Purchased office supplies for $600 on account. The supplies will last for several months.

Sept. 19 Billed clients $75,000 on account.

Sept. 29 Recorded and paid salary expense of $24,000.

Sept. 30 Received $30,000 from clients billed on September 19.

A partial list of the account titles used by the company includes:

Cash.........................Notes Payable

Accounts Receivable...................Accounts Payable

Office Supplies.....................Capital Stock

Land.........................Client Revenue

Building.........................Salary Expense

a. Prepare journal entries, including explanations, for the above transactions.

b. Post each entry to the appropriate ledger accounts

c. Prepare a trial balance dated September 30, 2011. Assume accounts with zero balances are not included in the trial balance.